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3D Printing in Supply Chain
The use of additive manufacturing to produce goods closer to the point of demand, potentially reducing inventory levels and lead times in the supply chain.
Implications
Utilized in industries where customization, rapid prototyping, and small-batch production are critical. Often used in situations where traditional manufacturing is costly or slow.
Example
Example: General Electric uses 3D printing to produce parts for jet engines, reducing production lead time and allowing for complex designs that are not possible with traditional methods.
Related Terms
Compared to traditional manufacturing, 3D printing offers greater flexibility and reduces waste, but may be more expensive for large-scale production.
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